The Random Variable X Represents the Number of Computers That

question 3

Multiple Choice

The random variable x represents the number of computers that families have along with the correspondingprobabilities. Find the mean and standard deviation for the random variable x. $$\begin{array} { c | c } \mathrm { x } & \mathrm { P } ( \mathrm { x } ) \\\hline 0 & 0.49 \\1 & 0.05 \\2 & 0.32 \\3 & 0.07 \\4 & 0.07\end{array}$$

• A) mean: 1.18; standard deviation: 1.30
• B) mean: 1.39; standard deviation: 0.64
• C) mean: 1.39; standard deviation: 0.80
• D) mean: 1.18; standard deviation: 0.64

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Definitions:

Economic States

Different conditions of an economy, characterized by various indicators like GDP growth, unemployment rate, inflation, and market trends.

Probability

A measure of the likelihood of a particular event or outcome, expressed as a ratio between 0 and 1.

Expected Return

The projected average return on an investment over a given period.

Economic Scenarios

Hypothetical constructs detailing possible future economic conditions, used for planning and risk assessment purposes.